TJG Commercial Blog

2009-10-22T11:43:00.001-05:00

Property Prices Continue Dropping source: Loopnet.com http://ping.fm/dcHRV

Rotary Club Chicagoland Lithuanians Fundraiser: Golf for Kids with Diabetes in Lithuania

2009-10-18T20:18:00.007-05:00

Rotary Club Chicagoland Lithuanians sponsored the first annual Lou Volodka Golf Fundraiser. This newly charted club gathered friends from the Darien Rotary Club, the Lithuanian Community and the public at large to help children in Lithuania with diabetes. Their efforts will enable special diabetes pumps to be bought and sent to children in Lithuania.

Rotarian Vytautas S. Januskis, President & CEO of TJG Commercial, Corporate Real Estate Consultants said "As our founder and mentor, today we felt Lou's presence with us." It was a beautiful day for golf. Over 50 participants played golf or learned to golf, enjoyed a wonderful dinner, participated in a live auction and $5000.00 Raffle Prize.

Golfers: Victor Garbonkus, Tom Davies and Hole Sponsor Sarunas Griganavicius

Darien Rotary Club Members with Lou Volodka's daughter, Alina Davies

2009-10-07T06:19:00.001-05:00

Thanks to all Twitter followers! Learn about Chicagoland Commercial Real Estate Market and connect with us www.twitter.com/tjgcommercial

2009-10-07T06:17:00.001-05:00

Thanks to all Twitter followers! Learn about Chicagoland Commercial Real Estate Market and connect with us www.twitter.com/tjgcommercial.com

2009-09-25T11:28:00.001-05:00

An Insider's View of Chicago's Commercial Real Estate. http://ping.fm/IiIU8

An Insider's View of Chicago's Commercial Real Estate

2009-09-25T10:43:00.004-05:00

2009 Market Overview: Observations & Analysis

Seller's bottom line:
According to Jones Lang Lasalle, since the peak of commercial real estate sale in 2007, the capital markets have significantly slowed down in the first half of 2009. Commercial real estate has started and will continue to decrease in value. Owners that need to refinance are finding credit hard to come by. Landlords find their tenants are in trouble and paying rent late or not at all. The banks are over-collateralized and not lending the tenant or landlord the credit they need to bridge the gap.

Buyer's bottom line:
Commercial Real Estate (CRE) conditions are weak in 2010 and banks with short falls will begin to divest troubled assets. Defaults equals foreclosures and distressed sales. Small Business Administration (SBA) lending is increasing given the stimulus package. User-buyers are at an advantage, as banks that specialize in SBA loans continue to lend. However, money is running out and Congress has yet to clarify a solution for the small business owner's credit line.

Investors bottom line:
Cash is king, credit is non-existent. There are two camps businesses seem to fall into. The first includes large corporate companies that are cash rich or have the government bailing them out. The second includes small businesses with slow sales and no credit to bridge the gap. Investing strictly in commercial real estate such as office, retail or warehousing may be difficult unless the owner can hold the property for a minimum of 5 years. However, mixed-use developments look good to investors. As the residential apartment rental market continues to increase any mixed-use development that has a favorable ratio of residential apartments to commercial space seems to be catching the investors fancy.

Tenant's bottom line:
Landlords still have a mortgage to pay. Rents are decreasing and Tenant Improvements (construction, free rent) are increasing. Leveraging the commercial real estate your business utilizes can bring in savings and increase the bottom line.

2009-09-17T10:57:00.001-05:00

CRE conditions weak in 2010 + banks with capital shortfalls will begin to divest troubled assets; defaults = foreclosures & distressed sales

TURNKEY OUTSOURCING PROGRAMS: COMMERCIAL REAL ESTATE

2009-08-24T12:47:00.002-05:00

TURNKEY OUTSOURCING PROGRAMS: COMMERCIAL REAL ESTATE

Real estate is a local business. Business owners can and should review local area demographics (population, income and age). However, selecting the perfect spot for your business requires composite analysis of data and local market knowledge. The bottom line is: unless you are familiar with the local market, you won't know the local market. The most critical player is the local agent who must understand your business needs in order to match the right location.

Outsourcing your commercial real estate needs provides:

One point of contact for all your real estate needs.
Innovative real estate solutions for businesses.
Proven lease negotiation leverage to lower your current occupancy costs.
Ongoing real estate support (annual CAM audits, long term strategies).

Outsourcing leverages BUYING POWER, decreases overhead and gives you, the business owner, a committed, fiduciary relationship with an agent. The agent becomes an expert in your business, your real estate needs and your long term business objectives.

SAVE by paying pennies on the dollar that will put money on the business owners bottom line.

2009-08-18T09:45:00.001-05:00

Chicago construction activity remains low; source: GlobeSt.com
http://ping.fm/598Qz

2009-08-05T14:34:00.001-05:00

Downtown office vacancy climbing; source: Chicago Business Today video http://ping.fm/fFrUW

SBA 504 Update: Changes allow businesses to refinance existing debt!

2009-07-23T11:15:00.003-05:00

The government is doing its best to help the small business owner through the American Recovery and Reinvestment Act of 2009. The changes will allow small businesses to restructure eligible debt to help improve cash flow. The 504 loan program can be used to purchase business real estate or fixed assests, such as heavy equipment or machinery, and expand current projects under construction.

Benefits of SBA 504:
Security of owning own space - investing in yourself
Conserving working capital - 10% Down
Lock in long term fixed rate for a portion of the project
Save Money - Reduced SBA 504 fees as part of the Recovery Act

source: Millie Nuno, Director of Business Development, Union National Bank
847-888-7500, mrnuno@unbelgin.com

2009-07-21T14:13:00.001-05:00

Part of the planning process for any commercial space is understanding the local zoning laws and any processes associated with variances.

2009-07-06T13:14:00.001-05:00

Good reason commercial real estate representation necessary in lease language http://ping.fm/aWskZ

Commercial Real Estate Online Forum

2009-07-05T06:43:00.004-05:00

Join our Commercial Real Estate Online Community...

2009-07-01T16:25:00.001-05:00

TJG Commercial Monthly update
http://ping.fm/19UiA

2009-06-30T11:07:00.001-05:00

Good article for buyers. Simplified for commercial real estate buyers, yet applicable.
http://ping.fm/11gdV

2009-06-24T12:32:00.001-05:00

is setting up office/retail space viewing appointments for business owners to find the right real estate for their business functions

2009-06-16T18:28:00.001-05:00

Chicagoland Commercial Real Estate: a discussion forum on the market. Become a fan today!http://ping.fm/fA1s1

2009-06-15T11:27:00.001-05:00

is closing bank-owned commercial properties.
http://ping.fm/0C1t7

2009-06-11T14:16:00.001-05:00

TJG Commercial Endorsed by Mark Suda, Owner TechHeroes, Inc and Sutoer Solutions:
http://ping.fm/3irkL

2009-05-26T16:33:00.001-05:00

It's a tenant's market. Review the business terms of your lease.
http://ping.fm/9I8zk

2009-05-20T05:59:00.001-05:00

SBA Expands Eligibility for 7(a) Loans to Spur Recovery Opportunities for
Small Businesses

http://ping.fm/Tf4NO

2009-05-19T11:48:00.001-05:00

TJG Commercial: Commercial Real Estate Quarterly Newsletter: http://ping.fm/xYZze

2009-05-14T15:27:00.003-05:00

@LinkedIn How do you find a good commeral real estate agent? http://ping.fm/7xUpu

2009-05-14T15:27:00.001-05:00

@facebook How do you find a good commeral real estate agent? http://ping.fm/vaWyO